New York, April 25, 2013 -- Moody's Investors Service commented that Kindred Healthcare, Inc.'s (Kindred) announcement that it has entered into a definitive agreement to sell 17 non-strategic facilities is a modest credit positive. Moody's understands that Kindred expects after tax proceeds of approximately $180 million, which will be used to repay amounts outstanding under its revolving credit facility. This is a modest credit positive as it will improve Kindred's liquidity. However, Moody's estimates that the pro forma impact on leverage after also considering the reduced lease costs and EBITDA contribution associated with the facilities being sold is negligible. Therefore, there is no change to Kindred's ratings or outlook, including its B1 Corporate Family Rating and B1-PD Probability of Default Rating. The rating outlook remains stable.

Vollständigen Artikel bei Moodys lesen